Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value
Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value
Fidelity cuts value of X stake, implying 72% drop since Musk paid $44 billion.
![Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value](https://lemmy.world/pictrs/image/9861216a-c6cc-4db6-a3ca-5078bb57be6e.jpeg?format=webp&thumbnail=256)
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If the company's private, which means its stocks are not tradeable anymore, what's the point in measuring the company value at this point?
10 0 ReplyBanks who loaned Elon money hold a bunch of Twitter stock. They want to eventually cash out.
9 0 ReplyCan these measurements be used as losses to offset taxes?
6 0 ReplyTypically, losses in one year can be used to offset profits in following years, but not indefinitely... maybe three years tops IIRC. But that would mean the company would have to become very, very profitable profitable, which is doubtful.
4 0 ReplyThey changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
7 0 ReplyYup of course they fucking did. Can't have corporations paying their fair shares after all, that's a concept as ridiculous as cold fire.
3 0 ReplyTIL, thanks
2 0 ReplyRegulatory capture is awesome, isn't it?
1 0 Reply
Because the money still comes from investors even if it's not publicly traded.
3 0 Reply